Economic Uncertainy Equals No More Mortgage
by Scott from Delaware, OH, USA
Economic Uncertainy Equals No More Mortgage See why this home owner prefers to forgo buying a house: Hi Kate, I currently own my home mortgage free. Before the economic crisis, my wife and I had been considering selling our home and upgrading to a larger and nicer home. This would have entailed obtaining a mortgage.
**Super Kate Tip: Why settle for less than perfect credit?
Consult the Experts to Clean Up Your Credit Report.**
Due to the home sales across the country bottoming out, we decided against buying a house. We would have had to sell our home for less than it is worth and our mortgage interest would have been higher than we wanted to pay. They were also demanding 20% down in cash on the new home.
When the economy is as uncertain as it is, no one wants to take a loss on their house sale and end up with a mortgage. We will stay mortgage free for a long time to come I think. My wife does not work and I am the only income we have. If I were to lose my job, our house would be all we have. I am not willing to risk that during these economic times.
I would rather put of my "wants" to make sure that my "needs" are met. You just never know when your life is going to change for the worse, so this is just not the time to make big investments you may not be able to afford in the future.
What if you could make your dreams come true? Now you can. Discover how.
THE MISSION - Create 100 Millionaires by 2012
We formed our community of ordinary people, with a passion for creating a legacy, fulfilling dreams, and reaching goals.
Now we leverage the internet... Super Kate invites you to Come See!
Quit Borrowing From Dad
Need another car? Home improvements? Debt consolidation?
Money is still tough to get from banks (and Dad too).
Use peer to peer lending instead!
Follow My Blog
Free and easy!
Search My Site
Get answers!
Do-It-Yourself Loan Modification
$1000 or $39.99 - Which is right for YOU?
Not sure? Answer these 5 questions to find out.
The Freedom You Want Is Waiting For You
Come join us. Let's do this together.
There is a successful entrepreneur in all of us. Unlock Yours here.
How I Make Money
I finally came to grips with closing my mortgage company.
But I still wanted and needed to make money!
UNIQUE Mortgage Tips and Solutions From Kate
Discover Kate's Best Mortgage Blog today. Keep up to date on what's new about mortgages and additional tips to unlocking the secret code of mortgage lending.
Where to find your best best mortgage advice or not!
What to do if your mortgage loan approval begins to hiccup.
How much can you afford in a mortgage payment and why your lender doesn't know.
Eliminate guess work and last minute surprises from buying a home with mortgage pre approval.
Discover how to compare mortgage closing costs to get the best rates for the least cost.
Why you should always compare mortgage interest rates - Because the lowest rate may not be your best deal.
How to know when to lock mortgage rates - You deserve reliability and peace of mind, don't you?
This expert online mortgage advice is guaranteed to make you a savvy mortgage shopper.
Nitty gritty mortgage interest rate lock agreements and why you also need a good faith estimate.
Ask Kate For Solutions - Ask a question to get an answer from Kate.